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NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke - Politics - Nairaland

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NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by jide53: 10:02pm On Apr 22, 2015



The Minister of Petroleum Resources Mrs. Diezani Alison-Madueke, on Wednesday disclosed that the Nigerian National Petroleum Corporation has started refunding the $1.48bn unremitted fund into the Federation Account as recommended by an audit firm, PriceWaterHouse Coopers.

She however did not disclose how much has for far been refunded by the corporation.

She also denied reports that she was seeking the assistance of some highly-placed persons in order to escape prosecution for alleged corruption from the incoming administration of the President-elect, Muhammadu Buhari.

Alison-Madueke spoke with State House correspondents at the end of the weekly meeting of Federal Executive Council at the Presidential Villa, Abuja.

It will be recalled the Federation Account Allocation Committee had on Monday night constituted a committee to find out the reasons for the delay in the refund of the sum.

PriceWaterHouse Coopers had in the report of its forensic audit report of the corporation recommended that the NNPC should refund the amount to the Federation Account.

Alison-Madueke however explained that the unremitted fund was owed by the NPDC for a block that had been assigned from the NNPC to the NPDC.

She said, “The PriceWaterHouse Coopers forensic audit that was done few weeks ago in his recommendation mentioned that $1.48bn was owed by the NPDC for a block that had hitherto been assigned from the NNPC to the NPDC which is its subsidiary.

“They felt that the right process would be that the NPDC will refund that money to the Federation Account. The NPDC has apparently started those refunds and it is also in discussion with the NNPC and the DPR on same. So the refund has actually began.”

While saying that the payment was being done under her directive, she insisted that the sum was not missing but transferred by the NNPC to the NPDC.

The minister also denied media reports that she was reaching out to some prominent Nigerians, including a former military Head of State, Gen. Abdusalami Abubakar (retd.), to seek soft landing from the incoming government.

She said she had in the course of her job as minister met with elder statesmen across the country and wondered why her meeting with Abubakar would be singled out.

The minister said she could not be seeking for a soft landing because she was not aware that she had committed any crime.

She said, “I have not sought such assistance because I am not aware that I have been indicted of any crime that I will need a soft landing.

“Over the last four years, I have many times been unfortunately accused and libelled in so many malicious and vindictive ways.

“I have explained these things and pushed back robustly on these accusations and I have even gone to court on many of them. Yet, they keep being regurgitated.”



http://www.punchng.com/news/nnpc-has-started-refunding-unremitted-1-48bn-alison-madueke/
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Nobody: 10:03pm On Apr 22, 2015
Sai baba... she don fear

*Modified*

Halleluyah... for the first time ever FTC...on a first page...(dancing flavor "keleya). hmm... what can I say,i dedicate this victory to my baby mama,Eno.
You d best.

78 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Nobody: 10:05pm On Apr 22, 2015
so the fear of Buhari is as strong as this!

80 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by crownprince102: 10:08pm On Apr 22, 2015
Sai Baba.... The fear of the people's general is the beggining of wisdom.

55 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by jamex93(m): 10:11pm On Apr 22, 2015
make e better b so

because if we check n we no see am

na prison una dey use smell nose o



so una dey fear like dis

and una still dey do bad thing

grin grin grin grin

32 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Nobody: 10:12pm On Apr 22, 2015
grin
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by walemoney007(m): 10:13pm On Apr 22, 2015
The wind of changes is really blowin alison madueke,by d tym baba takes ova on may 29,d wind of change will blow her into kirikiri.

83 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by elomepee: 10:31pm On Apr 22, 2015
So far its refunded. If una like make una blow big grammar. Anywhere the money waka reached make in waka back.

39 Likes 2 Shares

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Nobody: 10:53pm On Apr 22, 2015
Good; We can start from there, then you'll now face charges for the misappropriation of public funds which will attract a penalty of not less than 50years in Kiri-kiri.

30 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by sugarvallly(f): 10:55pm On Apr 22, 2015
I smell fp
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by LordCenturion(m): 10:59pm On Apr 22, 2015
See thief, opolo eyes, the money is $20b, either u return it or not, u will rot in jail, u stewpid arm robber

33 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Nobody: 11:00pm On Apr 22, 2015
Stupidity is when you are afraid of jail even when you are innocent "I'm not saying madam is". Madam, concentrate and finish your job and stop running helter skelter like a kid. If buhari's only duty as president will be to start jailing people, then his brains needs resetting undecided

10 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Igwe9(m): 11:10pm On Apr 22, 2015
This is the type of headline that attracts curse to it's author, why would you summarise the post to make it appear as if there was a collaboration between the minister and the NNPC to divert the fund? Post the full version.

The heart of men they say are desperately wicked!

7 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by gen2briz(m): 11:15pm On Apr 22, 2015
jide53:


Source: http://thesummary.com.ng/index.php/component/k2/item/458-we-are-refunding-missing-fund-to-the-federation-account-madueke


You really summarize the tori wella..

The fear of Buhari and jail the the beginning of well behavior.

7 Likes 1 Share

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by isan(m): 11:17pm On Apr 22, 2015
Ole , thief , barao undecided
U better go and find the $20b or u will rot in jail

3 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by alarabi100(m): 11:19pm On Apr 22, 2015
They ought to because whether or not they do. They surely going to face the consequences.

5 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by anigbajumo(m): 11:28pm On Apr 22, 2015
No b shere shere ooo......fear of GMB no b small fin.....SMH coz kirikiri is waitng 4her......wait ooo y opolo eyez iz for da thieves....Imagine iweala also.

4 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by dasensible1(m): 11:44pm On Apr 22, 2015
Where did the money travel to before now? Please help us ensure that all missing funds are fully refunded.

5 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Pangea: 2:34am On Apr 23, 2015
Jonathan!
See your life!
Stealing is not corruption?
Your goons are already cooperating even before Buhari's swearing in!

47 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by afoo02(m): 2:50am On Apr 23, 2015
Thank God Buhari won the election, this money for not return if na oga Jona won ooooo

39 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Ikengawo: 3:05am On Apr 23, 2015
Thanks for the report "thesummary".

3 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by mytime24(f): 5:23am On Apr 23, 2015
Hmm
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by onyi4edu(f): 5:25am On Apr 23, 2015
A good move In the right direction
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Ymodulus: 5:29am On Apr 23, 2015
Typing


Never imagined dividend of Change could arrive so quickly even before Buhari gets the key to Aso Rock. This sort of speedy action by Diezani is what happens when you have purposeful leadership at the top. Mere threat of imprisonment works.


It is also shameful that, rather than talk of pushing back, Mrs. Madueke should be telling Nigerians why the money did not make it into the Federation account in the first place.

1. Why did it take forensic accountants to find the money,.
2. How many more forensic accounting needs to be conducted to see where Nigeria's money has is?
3. How long has the NNPC been sitting on that pile of cash,.
4. Who controlled the account the money was sitting in.
5. How much interest has accrued?.
6. Where is it the interest payments?
7. Did the outgoing President know about NNPC sitting on the money, who else knew what was going on?
8. Is this part of the money that was alleged by now Emir Sanusi II that was stolen or unaccounted for?

Reporters should ask these officials tough questions and not just report what they say. No one is answering any question on this billion dollar questions.


Lastly The time has come that, President Buhari needs to seriously look into gradually phasing out the importation of petroleum products. We simply have no business importing them. We have a vast network of NNPC pipelines and depots that have been deliberately ruined by the powers that be. The refineries should be made to function for once. We waste a lot of scarce foreign currencies importing needelessly.

The best way to shore up the value of the naira is by looking inwards and increasing wealth generation within the country. Not by having "containers on the high sea." and killing the local industry.

49 Likes 5 Shares

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Oyecute(m): 5:52am On Apr 23, 2015
The money has to be more than that. This ruthless looters have stolen beyond imagination... I hope dem neva settle PwC sef, because dt amount luks to small from wat ds madam spends personally.

8 Likes 1 Share

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by baybeeboi: 6:20am On Apr 23, 2015
leaving it for Tinubu abi and Amaechi
Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by khassy(m): 6:23am On Apr 23, 2015
the fear of Bihari is the.......

3 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by khassy(m): 6:23am On Apr 23, 2015
the fear of Buhari is the.......

3 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Rilwayne001: 6:26am On Apr 23, 2015
IdiAmin1:
Stupidity is when you are afraid of jail even when you are innocent "I'm not saying madam is". Madam, concentrate and finish your job and stop running helter skelter like a kid. If buhari's only duty as president will be to start jailing people, then his brains needs resetting undecided

Its a good step to stop corruption in case you don't know

30 Likes 1 Share

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by 7footre(m): 6:32am On Apr 23, 2015
It's not about returning this money! There are a lot of questions that are begging for answers here..... I hope when GMB does take power, this minister will be probed!

8 Likes

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by oluspencer(m): 7:18am On Apr 23, 2015
IdiAmin1:
Stupidity is when you are afraid of jail even when you are innocent "I'm not saying madam is". Madam, concentrate and finish your job and stop running helter skelter like a kid. If buhari's only duty as president will be to start jailing people, then his brains needs resetting undecided

Idiota

28 Likes 2 Shares

Re: NNPC Has Started Refunding Unremitted $1.48bn - Alison-Madueke by Bonapart(m): 8:22am On Apr 23, 2015
They will vomit Nigeria money one day, whether in this world or in the grave...

4 Likes

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